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Report: Global Economic Growth 'Disappointing'

The global economy is in for one more year of “disappointing” growth, according to a World Bank study published Wednesday. Growth is expected to improve a bit next year. Experts at the global lender now predict that the global economy will expand 2.8 percent this year as commerce confronts the sometimes surprising impacts of falling oil prices and rising U.S. interest rates. Washington cut its key interest rate nearly to zero during the recession to revive flagging...

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